Equities ride tech to third week of gains, dollar dips

* Europe tech follows Asia higher; FAANG stocks in focus

* Evergrande averts default with surprise interest payment

* Crude bounces, dollar dips, gold higher

* Wall Street set for flat open

By Simon Jessop

LONDON, Oct 22 (Reuters) - Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows.

MSCI's broadest gauge of global shares .MIWD00000PUS was up 0.1%, 1.4% higher on the week and just 0.8% off its all-time high. Europe's top markets all rose, with the biggest, Britain's FTSE 100 .FTSE , up 0.5%.

European tech stocks .SX8P , up 1.4%, followed their Asian peers higher, and equity bulls were also spurred on by news heavily indebted property firm China Evergrande Group had met an interest payment, averting a default for now.

U.S. stock futures EScv1 point to a flat open on Wall Street, after the cash index posted a record closing high overnight, led by surging tech shares.

The risk-on tone came despite growing investor concern that persistent inflation could force central banks to tighten monetary policy at a point where global economic growth remains fragile.

Data on Friday showed euro zone inflation expectations are at their highest in years, amid a rash of warnings from companies including Nestle NESN.S , ABB ABBN.S and Unilever ULVR.L .

The five-year, five-year forward inflation swap, a key market gauge of long-term euro zone inflation expectations, jumped four basis points on Friday to hit its highest since September 2014 and the bloc's target at 2.0029% EUIL5YF5Y=R .

Rising prices crimped euro zone growth in October and could set the scene for a tough meeting of the European Central Bank next week, said Neil Birrell, Chief Investment Officer at asset manager Premier Miton.

"The ECB meets next week, it has plenty to discuss, a faltering economy and rising inflation; it is under pressure to tackle the inflation spike but needs to tread carefully with any change in policy."

However analysts at Bank of America said they expect the ECB to "push back" against those in the market betting it will be forced to raise rates.

Despite concern that inflation pressures could push governments to tighten monetary policy too quickly, Mark Haefele, Chief Investment Officer, UBS Global Wealth Management, said in a note to clients that equities could still move higher.

"With current issues still appearing more temporary than structural, we believe equity markets will continue to move higher," Haefele said.

"Indeed, small increases in inflation expectations can be positive for markets if it helps to banish fears of deflation. Furthermore, by our assessment, global growth remains strong, supply chain challenges should recede into 2022, and corporate earnings should continue to grow."

All eyes next week will be on the tech sector again, as Facebook, Apple, Amazon, and Google-owner Alphabet all report, with bulls hoping they can follow forecast-beating earnings this week from Netflix NFLX.O .

By late morning in Europe, the dollar index =USD , which gauges the greenback against six major rivals, was down 0.1% to 93.614, despite initially bouncing off recent lows after U.S. jobless claims fell to a 19-month low, pointing to a tighter labour market.

Yields on benchmark 10-year Treasury notes US10YT=RR , meanwhile, gave up some of the previous day's gains to trade around 1.6890%, easing back from a five-month high of 1.7050% reached overnight.

The U.S. Federal Reserve has signalled it could start to taper stimulus as soon as next month, with rate hikes to follow late next year. Full employment is among the Fed's stated requirements for rates lift-off.

Fed Chair Jerome Powell speaks later on Friday in a panel discussion.

Across commodities, oil prices bounced off their overnight lows, up 0.5-0.6%, with both Brent crude LCOc1 and West Texas Intermediate CLc1 back in the black for the week after earlier threatening to break a multi-week winning run.

Gold XAU= was up 0.6% on the back of the weaker dollar, on course for its second week of gains.

World FX rates YTD Link
Global asset performance Link
Asian stock markets Link

Additional reporting by Kevin Buckland in Tokyo
Editing by Hugh Lawson and Mark Potter

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。